VOLT
VOLT
Volt Information Sciences, Inc.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2022 | $226.93M ▼ | $34.98M ▲ | $-1.22M ▼ | -0.54% ▼ | $-0.06 ▼ | $-1.07M ▼ |
| Q4-2021 | $227.81M ▲ | $34.69M ▲ | $1.33M ▼ | 0.58% ▼ | $0.06 ▼ | $3.72M ▼ |
| Q2-2021 | $222.09M ▲ | $32.95M ▼ | $1.88M ▲ | 0.85% ▲ | $0.09 ▲ | $4.12M ▲ |
| Q1-2021 | $217.96M ▲ | $33.75M ▲ | $-2.45M ▲ | -1.12% ▲ | $-0.11 ▲ | $-414K ▲ |
| Q3-2020 | $185.94M | $31.25M | $-4.84M | -2.6% | $-0.22 | $-416K |
What's going well?
Revenue is steady, showing the company can maintain its sales base. No unusual charges or accounting tricks distorted the results.
What's concerning?
Profitability fell sharply, with the company moving from profit to loss. Margins are under pressure, and costs are rising faster than sales.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2022 | $54.86M ▼ | $247.06M ▼ | $217.28M ▼ | $29.78M ▼ |
| Q4-2021 | $74.87M ▲ | $260.1M ▲ | $229.01M ▲ | $31.09M ▲ |
| Q2-2021 | $47.23M ▲ | $245.35M ▲ | $216.2M ▲ | $29.15M ▲ |
| Q1-2021 | $40.06M ▲ | $240.86M ▼ | $214.28M ▲ | $26.58M ▼ |
| Q3-2020 | $30.93M | $241.33M | $201.07M | $40.26M |
What's financially strong about this company?
Most assets are cash or receivables, so the company is not reliant on hard-to-sell assets. There is no goodwill or intangible risk, and property investment increased.
What are the financial risks or weaknesses?
Cash is falling quickly, and debt is high compared to equity. The company has not been profitable over time, and working capital is under pressure.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2022 | $-1.22M ▼ | $-11.92M ▼ | $-641K ▼ | $-16K ▼ | $-13.17M ▼ | $-12.71M ▼ |
| Q4-2021 | $1.33M ▼ | $18.99M ▲ | $-445K ▲ | $14K ▼ | $18.54M ▲ | $18.53M ▲ |
| Q2-2021 | $1.88M ▲ | $8.31M ▲ | $-832K ▲ | $23K ▲ | $7.8M ▲ | $7.51M ▲ |
| Q1-2021 | $-2.45M ▲ | $-6.5M ▼ | $-963K ▼ | $-166K ▼ | $-7.64M ▼ | $-7.46M ▼ |
| Q3-2020 | $-4.84M | $10.17M | $-859K | $-156K | $9.21M | $9.34M |
What's strong about this company's cash flow?
The company still has $63.4 million in cash, giving it some breathing room. No new debt or dilution means the balance sheet is clean for now.
What are the cash flow concerns?
Cash burn is high and accelerating, with operating cash flow and free cash flow both turning sharply negative. If this continues, the company will need to raise money or cut spending soon.
Revenue by Products
| Product | Q1-2021 | Q2-2021 | Q3-2021 | Q1-2022 |
|---|---|---|---|---|
Direct Placement Services | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Managed Service Program | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
Staffing Services | $0 ▲ | $0 ▲ | $0 ▲ | $220.00M ▲ |
Revenue by Geography
| Region | Q4-2020 | Q2-2021 | Q3-2021 | Q1-2022 |
|---|---|---|---|---|
NonUS | $20.00M ▲ | $30.00M ▲ | $30.00M ▲ | $30.00M ▲ |
UNITED STATES | $0 ▲ | $0 ▲ | $0 ▲ | $200.00M ▲ |
Q4 2021 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Volt Information Sciences, Inc.'s financial evolution and strategic trajectory over the past five years.
Volt has recently restored profitability and, more importantly, turned itself into a consistent generator of operating and free cash flow. Gross margins have held steady despite revenue decline, and overhead has been cut meaningfully, showing management’s ability to adjust the cost base. Liquidity has improved, with a larger cash buffer, and the company benefits from a long track record, established client relationships, and specialized expertise in certain staffing niches. Being part of a larger technology‑centric parent also offers access to broader capabilities, capital, and innovation that were not available as a standalone company.
The company is operating on a smaller revenue base than in the past, with thin and historically volatile margins, which raises the risk that even modest headwinds could push it back into losses. Years of weak profitability have eroded equity, leaving a more leveraged capital structure and less room for error. The staffing industry itself remains cyclical, highly competitive, and exposed to pricing pressure and digital disruption. Reduced capital investment could signal under‑investment in systems and platforms at a time when technology is becoming a key differentiator. Finally, as a now‑private subsidiary, visibility into strategy and performance is lower, and outcomes depend heavily on the parent’s integration and capital allocation choices.
Volt appears to be in a transition phase: financially healthier from a cash‑flow standpoint but carrying the scars of prior losses and revenue contraction. Near‑term prospects hinge on maintaining recent operational discipline and cash generation while gradually repairing the balance sheet. Longer term, the company’s trajectory will largely be shaped by how successfully it leverages its parent’s technology and global platform to move up the value chain in talent solutions. The path is balanced between opportunity—through enhanced capabilities and cross‑selling—and uncertainty, given industry headwinds and limited external visibility into post‑acquisition execution.
About Volt Information Sciences, Inc.
https://www.volt.comVolt Information Sciences, Inc. provides traditional time, materials-based, and project-based staffing services in the United States, Europe, Canada, and the Asia Pacific. The company operates through North American Staffing, International Staffing, and North American MSP segments.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q1-2022 | $226.93M ▼ | $34.98M ▲ | $-1.22M ▼ | -0.54% ▼ | $-0.06 ▼ | $-1.07M ▼ |
| Q4-2021 | $227.81M ▲ | $34.69M ▲ | $1.33M ▼ | 0.58% ▼ | $0.06 ▼ | $3.72M ▼ |
| Q2-2021 | $222.09M ▲ | $32.95M ▼ | $1.88M ▲ | 0.85% ▲ | $0.09 ▲ | $4.12M ▲ |
| Q1-2021 | $217.96M ▲ | $33.75M ▲ | $-2.45M ▲ | -1.12% ▲ | $-0.11 ▲ | $-414K ▲ |
| Q3-2020 | $185.94M | $31.25M | $-4.84M | -2.6% | $-0.22 | $-416K |
What's going well?
Revenue is steady, showing the company can maintain its sales base. No unusual charges or accounting tricks distorted the results.
What's concerning?
Profitability fell sharply, with the company moving from profit to loss. Margins are under pressure, and costs are rising faster than sales.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q1-2022 | $54.86M ▼ | $247.06M ▼ | $217.28M ▼ | $29.78M ▼ |
| Q4-2021 | $74.87M ▲ | $260.1M ▲ | $229.01M ▲ | $31.09M ▲ |
| Q2-2021 | $47.23M ▲ | $245.35M ▲ | $216.2M ▲ | $29.15M ▲ |
| Q1-2021 | $40.06M ▲ | $240.86M ▼ | $214.28M ▲ | $26.58M ▼ |
| Q3-2020 | $30.93M | $241.33M | $201.07M | $40.26M |
What's financially strong about this company?
Most assets are cash or receivables, so the company is not reliant on hard-to-sell assets. There is no goodwill or intangible risk, and property investment increased.
What are the financial risks or weaknesses?
Cash is falling quickly, and debt is high compared to equity. The company has not been profitable over time, and working capital is under pressure.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q1-2022 | $-1.22M ▼ | $-11.92M ▼ | $-641K ▼ | $-16K ▼ | $-13.17M ▼ | $-12.71M ▼ |
| Q4-2021 | $1.33M ▼ | $18.99M ▲ | $-445K ▲ | $14K ▼ | $18.54M ▲ | $18.53M ▲ |
| Q2-2021 | $1.88M ▲ | $8.31M ▲ | $-832K ▲ | $23K ▲ | $7.8M ▲ | $7.51M ▲ |
| Q1-2021 | $-2.45M ▲ | $-6.5M ▼ | $-963K ▼ | $-166K ▼ | $-7.64M ▼ | $-7.46M ▼ |
| Q3-2020 | $-4.84M | $10.17M | $-859K | $-156K | $9.21M | $9.34M |
What's strong about this company's cash flow?
The company still has $63.4 million in cash, giving it some breathing room. No new debt or dilution means the balance sheet is clean for now.
What are the cash flow concerns?
Cash burn is high and accelerating, with operating cash flow and free cash flow both turning sharply negative. If this continues, the company will need to raise money or cut spending soon.
Revenue by Products
| Product | Q1-2021 | Q2-2021 | Q3-2021 | Q1-2022 |
|---|---|---|---|---|
Direct Placement Services | $0 ▲ | $0 ▲ | $0 ▲ | $0 ▲ |
Managed Service Program | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ | $10.00M ▲ |
Staffing Services | $0 ▲ | $0 ▲ | $0 ▲ | $220.00M ▲ |
Revenue by Geography
| Region | Q4-2020 | Q2-2021 | Q3-2021 | Q1-2022 |
|---|---|---|---|---|
NonUS | $20.00M ▲ | $30.00M ▲ | $30.00M ▲ | $30.00M ▲ |
UNITED STATES | $0 ▲ | $0 ▲ | $0 ▲ | $200.00M ▲ |
Q4 2021 Earnings Call Summary
Read Call Summary5-Year Trend Analysis
A comprehensive look at Volt Information Sciences, Inc.'s financial evolution and strategic trajectory over the past five years.
Volt has recently restored profitability and, more importantly, turned itself into a consistent generator of operating and free cash flow. Gross margins have held steady despite revenue decline, and overhead has been cut meaningfully, showing management’s ability to adjust the cost base. Liquidity has improved, with a larger cash buffer, and the company benefits from a long track record, established client relationships, and specialized expertise in certain staffing niches. Being part of a larger technology‑centric parent also offers access to broader capabilities, capital, and innovation that were not available as a standalone company.
The company is operating on a smaller revenue base than in the past, with thin and historically volatile margins, which raises the risk that even modest headwinds could push it back into losses. Years of weak profitability have eroded equity, leaving a more leveraged capital structure and less room for error. The staffing industry itself remains cyclical, highly competitive, and exposed to pricing pressure and digital disruption. Reduced capital investment could signal under‑investment in systems and platforms at a time when technology is becoming a key differentiator. Finally, as a now‑private subsidiary, visibility into strategy and performance is lower, and outcomes depend heavily on the parent’s integration and capital allocation choices.
Volt appears to be in a transition phase: financially healthier from a cash‑flow standpoint but carrying the scars of prior losses and revenue contraction. Near‑term prospects hinge on maintaining recent operational discipline and cash generation while gradually repairing the balance sheet. Longer term, the company’s trajectory will largely be shaped by how successfully it leverages its parent’s technology and global platform to move up the value chain in talent solutions. The path is balanced between opportunity—through enhanced capabilities and cross‑selling—and uncertainty, given industry headwinds and limited external visibility into post‑acquisition execution.

CEO
Linda Perneau
Compensation Summary
(Year )
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2007-01-29 | Reverse | 2:3 |
| 1997-05-28 | Reverse | 2:3 |
ETFs Holding This Stock
Summary
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Price Target
Institutional Ownership
GLACIER PEAK CAPITAL LLC
Shares:2.41M
Value:$85.94M
THRIVENT FINANCIAL FOR LUTHERANS
Shares:2.3M
Value:$82.15M
SUMMIT CAPITAL MANAGEMENT LLC
Shares:591.56K
Value:$21.12M
Summary
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